Equity fund CapVest bid for plastics firm One51

Plastics manufacturing firm One51 said it has received an “indicative and conditional approach” from London-based private equity firm CapVest Partners at €2.50 a share.

A spokesman for the company said discussions were at an early stage, and that the offer was preliminary in nature. It is subject to various pre-conditions, including due diligence and financing, he added.

“There can be no certainty that an offer will ultimately be forthcoming or as to the terms of any offer,” he said.